Reaves Utility Income Fund (UTG)

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Institutional Investors' Holdings

Filing Period:

No.	Name	Shares	Value	% Port
1.	Bank Of America Corp	730,294	$19,528,049	0%
2.	Morgan Stanley	726,748	$19,433,260	0%
3.	Wells Fargo & Company	473,294	$12,655,855	0%
4.	Royal Bank Of Canada	372,996	$9,974,000	0%
5.	Advisor Group Holdings, Inc.	340,380	$9,101,725	0.01%